“For a brief time, we were at a sweet spot for the banks with rates moving higher and a positive GDP growth outlook.” “We remain constructive on banks given their leverage to higher rates,” he said. Horowitz lowered price targets for most of the six banks in reaction to the expected higher cost of capital as the Fed hikes interest rates to try to tame inflation. The bank also reiterated a neutral rating on Ke圜orp and trimmed its price target on the stock by $3, to $26 a share.Ĭiti maintained buy ratings on Comerica Inc.Īnd reiterated a neutral rating on Fifth Third Bancorp.Ĭiti kept its $115 price target for Comerica and its $27 price target for Regions Financial and trimmed $2 off its price target for Fifth Third to $50 a share. “One of the key risks to this pair trade is our expectations on the ISBC deal integration and ability to deliver on cost savings,” he said.Ĭiti reiterated a buy rating on Citizens Financial Group and cut its price target to $57 a share from $65 a share. The bank is expected to provide more clarity on the deal when it reports first-quarter earnings on April 19. One caveat to Horowitz’s view on Citizens Financial is how he’s viewing cost savings and other benefits of its pending acquisition of Investors Bancorp See: Jerome Powell leaves door open for rate hikes larger than 25 basis points “CFG has more dry powder to deploy as we leg into the hiking cycle.” “KEY feels constrained to us on the net interest income outlook due to its hedging strategy limiting impact of higher rates,” he said. Horowitz also initiated a “pair trade” position to overweight Citizens Financial Group Inc. “Also, MTB has a strong credit profile.”Ĭiti reiterated a buy rating on M&T Bank and raised its price target to $220 a share from $215 a share.
#Escape focuslist plus
Both inmates then fled the scene on foot.“We believe there is a step change ahead in earnings power as MTB monetizes their asset sensitivity plus cost saves from deal,” Horowitz said. A chase ensued and the crash occurred a short time later. Wednesday when officers spotted a car the men were believed to be traveling in and tried to stop it. The vehicle chase in Henderson, Kentucky, began around 3:15 a.m. Monday.Īllen County Sheriff Matthew Treglia said officials believe the two inmates had been traveling together but did not provide further details. Authorities later determined the two men were last seen on surveillance video inside the facility just after 8:40 a.m. Tuesday, prompting an emergency prisoner count that revealed Gillespie was also missing. Lee was discovered missing during a prisoner count at 11 a.m. The two men were reported missing from the Allen Oakwood Correctional Institution in Lima, Ohio on Tuesday, according to the Ohio Department of Rehabilitation and Correction. Gillespie has been imprisoned since 2016 for murder, while Lee was serving a sentence he received in 2021 for burglary and safecracking. James Lee, 47, was captured at the scene but Bradley Gillespie, 50, remained at large. LIMA, Ohio (AP) - One of two inmates who escaped from an Ohio prison was captured early Wednesday in Kentucky after a police pursuit of a stolen car the men were believed to be in ended in a crash and a foot chase, authorities said.
0 kommentar(er)
